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Free AccessMNI Asian Morning FI Technical Analysis
11 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) 98.010 Support Remains Key
*RES 4: 98.178 - 55-WMA
*RES 3: 98.129 - 100-DMA
*RES 2: 98.111 - 55-DMA
*RES 1: 98.082 - 200-DMA
*PRICE: 98.050 @ 2130GMT
*SUP 1: 98.018 - 21-DMA
*SUP 2: 98.010 - Repeated Daily Lows
*SUP 3: 97.980 - Alternating daily support/resistance
*SUP 4: 97.940 - Low July 26
*COMMENTARY: The 200-DMA capped and now the 21-DMA is supporting. The 98.010
support remains key with bears needing a close below to confirm an easing of
bullish pressure and to hint at a move back to 97.810-860 with below 97.980
confirming. Correcting O/B studies add weight to the bearish case. Bulls need a
close above the 200-DMA to reconfirm a bullish bias and initially target 55 &
100-DMAs.
AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 21-DMA
*RES 4: 97.4861 - 55-WMA
*RES 3: 97.4450 - High June 30
*RES 2: 97.4253 - 55-DMA
*RES 1: 97.4058 - 100-DMA
*PRICE: 97.3850 @ 2130GMT
*SUP 1: 97.3323 - 200-DMA
*SUP 2: 97.3148 - 21-DMA
*SUP 3: 97.2500 - Low July 27
*SUP 4: 97.2356 - Bollinger band base
*COMMENTARY: Bulls are struggling with the 100-DMA continuing to cap attempts to
break higher. Bulls need a close above 97.4450 to confirm a break of 55 &
100-DMAs and above the 55-WMA to confirm focus on 97.5200-6750 where 2017 highs
are located. The 21-DMA remains key support with bears needing a close below to
confirm an easing of bullish pressure and shift focus back to 97.1650-2100 where
monthly lows are noted.
US 10-YR FUTURE TECHS: (U17) Bears Need Close Below 126-140
*RES 4: 127-080 - Monthly High June 14
*RES 3: 127-070 - 200-WMA
*RES 2: 127-000 - Daily Bull channel top
*RES 1: 126-290 - High June 26
*PRICE: 126-210 @ 2130GMT
*SUP 1: 126-140 - Hourly support Aug 10
*SUP 2: 126-050 - Low Aug 9
*SUP 3: 126-010 - 21-DMA
*SUP 4: 125-290 - Low Aug 8
*COMMENTARY: Bulls have made up for a lack of follow through Wednesday with a
bounce from the 126-050 support that sees bullish focus now on layers of
resistance 126-290/127-080 where monthly highs and key WMAs are situated. The
Bollinger top (126-190) is the key concern for bulls with potential to limit
follow through. Above 127-080 is needed to target the 100-WMA (128-000). Bears
no need a close below 126-140 to ease immediate bullish pressure.
US 10-YR YIELD TECHS: Bears Focused On 2017 Lows
*RES 4: 2.274 - 21-DMA
*RES 3: 2.258 - High Aug 9
*RES 2: 2.234 - Hourly resistance Aug 10
*RES 1: 2.210 - Hourly support Aug 10 now resistance
*PRICE: 2.201 @ 2130GMT
*SUP 1: 2.177 - High June 21 now support
*SUP 2: 2.160 - 55-WMA
*SUP 3: 2.121 - Low June 26
*SUP 4: 2.103 - 2017 Low June 14
*COMMENTARY: The 2.258 resistance confirmed significance Thursday with the yield
capped ahead of this level before heading sharply lower. The close below 2.212
reconfirms focus on tests of 2017 lows with a close below needed to target
1.991-2.205 where the 100-WMA is noted. Layers of resistance are building with
bulls needing a close above 2.234 to gain breathing room and above 2.258 to
shift focus back to 2.274-289 where key DMAs are noted.
JGB TECHS: (U17) 55-DMA Now Key Support
*RES 4: 150.74 - 55-WMA
*RES 3: 150.68 - 100-WMA
*RES 2: 150.67 - High June 28
*RES 1: 150.50 - Daily Bull channel top
*PRICE: 150.49 @ 2130GMT
*SUP 1: 150.32 - 55-DMA
*SUP 2: 150.21 - 21-DMA
*SUP 3: 150.11 - Low Aug 2
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Closes above 100 (150.49) and 200 (150.46) DMAs adds support to the
bullish case with focus shifting to layers of resistance 150.67-150.92 where
WMAs are noted. The Bollinger top (150.42) is the key concern for bulls with
potential to limit follow through. The 55-DMA remains initial support with bears
needing a close below to ease bullish pressure and below 150.03 to shift focus
back to 149.52-65.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.